Sept. 15 (Bloomberg) -- FTI Consulting Inc., the West Palm
Beach, Florida-based provider of forensic accounting services,
is marketing debt as yields on speculative-grade company bonds
have fallen to the lowest in more than four months.

FTI Consulting plans to sell $350 million of 10-year notes,
it said in a statement distributed by PR Newswire. The company
will use the proceeds to repay debt, according to the statement.

Sales of high-yield, high-risk corporate bonds are
accelerating as investors wager that companies won’t default on
their debt amid signs the economy will avoid recession. The
extra yield investors demand to own the debt is the lowest since
May, according to Bank of America Merrill Lynch index data.

“There’s a lot of money in the fixed-income market chasing
only so many deals,” said Mirko Mikelic, a money manager at
Fifth Third Asset Management in Grand Rapids, Michigan.
“Whether it’s the investment-grade space or the high-yield
space, demand is crazy right now.”

Yields on junk-rated corporate debt fell 6 basis points to
8.25 percent, the lowest since April 27, according to the Bank
of America Merrill Lynch U.S. High Yield Master II Index.
Spreads on the debt were unchanged at 636 basis points, the data
show.

High-yield, or junk, debt is rated below Baa3 by Moody’s
Investors Service and BBB- by Standard & Poor’s. A basis point
is 0.01 percentage point.

FTI Ratings

FTI Consulting’s notes were graded Ba2 by Moody’s, the
credit rater said in a statement. S&P assigned the company a
rank of BB+, one step higher.

Ford Motor Credit Corp., the finance arm of the second-biggest U.S. carmaker, sold $1 billion of five-year notes and
Huntsman Corp. issued $350 million of debt maturing in 2021
yesterday, Bloomberg data show. That brought junk-bond issuance
this week to $3.76 billion, compared with $1 billion during the
similar period last week, Bloomberg data show.

Investment-grade corporate bond spreads shrank 1 basis
point to 184 basis points while yields on the debt fell 7 basis
points to 3.82 percent, according to the Bank of America Merrill
Lynch U.S. Corporate Master Index.

Rabobank Nederland NV sold $350 million of 100-year bonds
in the first such sale by a financial institution, and American
Honda Finance Corp. issued $1.75 billion of debt in a three-part
offering to lead $8.15 billion of investment-grade issuance
yesterday.

The following is a description of at least $14.2 billion of
pending sales of dollar-denominated bonds in the U.S.

Investment Grade

BLACKSTONE GROUP LP, the world’s largest buyout firm, plans
to sell $400 million of 10.5-year notes, according to a person
familiar with the transaction. Proceeds will be used for general
corporate purposes, said the person, who declined to be
identified because terms aren’t set.

(Added Sept. 14. See {BX US <Equity> CN <GO>}.)

DOHA BANK QSC, Qatar’s third-largest bank, may raise as
much as $1 billion from bond sales, its chief executive officer
said. The debt is likely to be for five years and is meant to
“fix the maturity mismatch” on the bank’s balance sheet,
Raghavan Seetharaman said in a June 16 telephone interview from
Doha. The bank will sell the bonds in dollars and the local
riyal currency, the CEO said in a July 25 interview.

(Updated July 27. See {DHBK QD <Equity> CN <GO>}.)

Not Rated

ABITIBIBOWATER INC., the largest newsprint maker in North
America, plans to sell $750 million of senior secured notes due
2018, the company said in a statement distributed by PR
Newswire. The offering is part of the Montreal-based company’s
previously announced reorganization plan and emergence from
creditor protection in the U.S. and Canada, according to the
statement.

(Added Sept. 15. See {ABWTQ US <Equity> CN <GO>}.)

STERICYCLE INC. plans to issue $175 million of seven-year,
3.89 percent notes and $225 million of 10-year, 4.47 percent
debt after receiving informal commitments from 22 institutional
investors to buy the securities, it said in a statement
distributed by Business Wire.

(Added July 28. See {SRCL US <Equity> CN <GO>}.)

High Yield

FTI CONSULTING INC. said it plans to offer $350 million
aggregate principal amount of senior notes due 2020 in a private
offering in a statement distributed by PR Newswire.

(Added Sept. 15. See {FCN US <Equity> CN <GO>}.)

PHI INC., an aviation company serving the oil and gas
exploration industry, plans to sell $300 million of senior notes
due in 2018, the company said in a statement distributed by
Business Wire. Proceeds will be used to repay debt and for
general corporate purposes, including the purchase of aircraft
currently being leased, PHI said.

(Added Sept. 15. See {PHII US <Equity> CN <GO>}.)

BEVERAGES & MORE INC. plans to sell $125 million of four-year senior secured debt, according to a person familiar with
the transaction, who declined to be identified because terms
aren’t set.

(Added Sept. 15. See {916295Z US <Equity> CN <GO>}.)

ALERE INC., a provider of patient diagnosis, monitoring and
health management services, plans to sell $350 million of eight-year notes, according to a person familiar with the transaction.
Proceeds may be used for working capital and general corporate
purposes, said the person, who declined to be identified because
terms aren’t set. Alere may sell the debt as soon as Sept. 16,
the person said.

(Added Sept. 14. See {ALR US <Equity> CN <GO>}.)

BRIGHAM EXPLORATION CO. plans to sell $250 million of
senior notes due 2018, the company said in a Sept. 13 statement
distributed by Marketwire. Proceeds may be used to purchase up
to $150 million of outstanding notes due 2014 as part of a
tender offer and to fund part of the company’s 2011 capital
budget, according to the statement.

(Added Sept. 14. See {BEXP US <Equity> CN <GO>}.)

GENON ENERGY, the power producer being formed by the merger
of Mirant Corp. and RRI Energy Inc., plans to sell $1.4 billion
of notes to help pay for the transaction, according to a person
familiar with the offering. The company plans to issue eight-and 10-year notes, said the person, who declined to be
identified because terms aren’t set. Moody’s assigned the notes
a rank of B3 and S&P graded them B, one step higher.

(Updated Sept. 14. See {MIR US <Equity> CN <GO>}.)

PINAFORE LLC and PINAFORE INC., entities created by Onex
Corp. and Canada Pension Plan Investment Board, plan to sell
$1.6 billion of senior secured notes in a two-part offering to
fund the acquisition of Tomkins Plc. They will offer $600
million of senior secured first-lien notes due 2017 and $1
billion of senior secured second-lien notes due 2018, according
to a statement distributed by PR Newswire.

(Added Sept. 13. See {TOMK LN <Equity> CN <GO>}.)

VALEANT PHARMACEUTICALS INTERNATIONAL, the U.S. company
merging with Biovail Corp., Canada’s largest publicly traded
drugmaker, plans to offer about $1 billion of senior unsecured
notes, it said in a statement. Aliso Viejo, California-based
Valeant is also seeking $1.875 billion of loans to finance the
transaction and pay a dividend, according to a person familiar
with the situation.

(Added Sept. 13. See {VRX US <Equity> CN <GO>}.)

PROQUEST LLC may sell $250 million of eight-year unsecured
notes, according to a person familiar with the transaction.
Proceeds may be used to repay debt, pay a dividend to the
company’s parent and for general corporate purposes, said the
person, who declined to be identified because terms aren’t set.

(Added Sept. 13. See {516281Z US <Equity> CN <GO>}.)

DINEEQUITY INC., the owner of Applebee’s Neighborhood Grill
& Bar and the IHOP pancake chain, plans to sell senior unsecured
notes, the company said in a statement distributed by
Marketwire. Proceeds may be used to help fund tender offers for
“certain series of its subsidiaries’ outstanding securitization
notes,” the Glendale, California-based company said in the
statement.

(Added Sept. 13. See {DIN US <Equity> CN <GO>}.)

REYNOLDS GROUP HOLDINGS LTD., the maker of Reynolds Wrap
aluminum foil, may sell $2 billion of senior secured notes and
$1.5 billion of senior unsecured notes to help pay for its
purchase of Pactiv Corp., according to a person familiar with
the transaction who declined to be identified because terms
aren’t set. Reynolds Group is also seeking $1.5 billion in loans
to pay for the acquisition, the person said.

(Added Sept. 9. See {3589489Z NZ <Equity> CN <GO>}.)

CELANESE CORP., the largest producer of acetyl chemicals
used in paint and plastics, plans to sell $400 million of senior
unsecured notes due in 2018, it said in a statement distributed
by Business Wire. The Dallas-based company plans to use proceeds
to retire existing bank debt, according to the statement. S&P
ranked the notes BB-.

(Added Sept. 8. See {CE US <Equity> CN <GO>}.)

VISANT HOLDING CORP., the U.S. marketing and publishing
firm owned by KKR & Co., plans to sell $750 million of notes due
in 2017 through its Visant Corp. unit, according to a statement
distributed by PR Newswire. Visant is also seeking a $1.25
billion term loan and a $175 million revolving line of credit,
the Armonk, New York-based company said in the statement.
Proceeds from the borrowings may be used to repay debt and pay a
dividend to investors in Visant’s stock and options.

(Added Sept. 8. See {712501Z US <Equity> CN <GO>}.)

TITAN INTERNATIONAL INC., the maker of tires and wheels for
off-highway vehicles, plans to sell bonds and will use the
proceeds to repay debt, Chief Financial Officer Paul Reitz said
in a telephone interview. The Quincy, Illinois-based company
plans to buy back up to $139.9 million of notes maturing in
2012, it said in a statement distributed by Business Wire. The
company withdrew a proposed $150 million offering announced in
May because of adverse market conditions, Reitz said.

{Added Sept. 2. See {TWI US <Equity> CN <GO>}.)

NBTY INC., the maker of Nature’s Bounty and MET-Rx
nutritional supplements, may issue $900 million of bonds in
addition to seeking a $1.5 billion term loan and a $200 million
revolving line of credit to help pay for its acquisition by
Carlyle Group, according to a person familiar with the
transaction who declined to be identified because terms aren’t
set. S&P assigned the notes, or borrowings under a bridge credit
facility in their place, a rank of B.

(Added Aug. 30. See {NTY US <Equity> CN <GO>}.)

UNIVERSAL HEALTH SERVICES INC., the operator of more than
100 U.S. medical facilities that’s buying Psychiatric Solutions
Inc., cut its offering of senior unsecured notes to $250
million, according to a person familiar with the transaction. It
increased the size of the term loans it’s seeking by $100
million, said the person, who declined to be identified because
terms aren’t set. The King of Prussia, Pennsylvania-based
company previously planned to issue $400 million of senior
unsecured debt to help finance the acquisition, according to a
filing with the Securities and Exchange Commission.

(Updated July 27. See {UHS US <Equity> CN <GO>}.)

E-LAND FASHION CHINA HOLDINGS LTD, the Hong Kong-based
apparel products provider, hired Morgan Stanley to help it sell
$200 million of three-year bonds, according to a person familiar
with the matter. Moody’s Investors Service ranked the proposed
notes at Ba2, citing growing personal consumption in China, E-Land Fashion’s moderate scale and significant business
volatility. Proceeds will be used mainly for capital
expenditures and general corporate purposes, Moody’s said in the
report.

(Added July 19. See {3233509Z HK <Equity> CN <GO>}.)

Offerings in Pipeline

AEGIS LTD., an outsourcing unit of Essar Group, may sell
the first non-convertible dollar bonds from an Indian
information technology company. The company, which bought
PeopleSupport Inc. in 2008, may sell its bonds as part of a
financing package that would include a loan of as much as $350
million to consolidate debt, Chief Financial Officer C.M. Sharma
said. The money would go to fund expansion

(Added Aug. 23. See {3340546Z SJ <Equity> CN <GO>}.)

AMERICAN INTERNATIONAL GROUP INC., the insurer that’s
majority owned by the U.S., may sell bonds to help repay its
government bailout, it said in an Aug. 9 registration statement
filed with the Securities and Exchange Commission.

(Added Aug. 19. See {AIG US <Equity> CN <GO>}.)

GATX CORP., a Chicago-based company that leases railroad
cars and other equipment, filed a shelf registration with the
Securities and Exchange Commission to sell debt securities and
pass-through certificates. The debt securities may be senior or
subordinated, according to the filing.

(Added Aug. 18. See {GMT US <Equity> CN <GO>}.)

JSW STEEL LTD, India’s third-largest steelmaker, plans to
sell dollar bonds for the first time in three years and as
rupee-denominated finance costs rise. JSW has applied for credit
ratings before a possible offshore bond sale to help build a 200
billion rupee ($4.3 billion) steel and power plant in West
Bengal, Chief Financial Officer Seshagiri Rao said.

(Added Aug. 16. See {JSTL IN <Equity> CN <GO>}.)

ARGENTINA may sell $1 billion of bonds due in 2017, El
Cronista newspaper reported, without saying how it obtained the
information. The government is also planning to offer an
exchange for dollar bonds due in 2011 and 2012, the Buenos
Aires-based publication said.

(Added Aug. 16. See {ECST AR <GO>}.)

RURAL ELECTRIFICATION CORP., India’s state-owned lender to
power projects, may sell as much as $300 million of bonds in
U.S. dollars, Finance Director Hari Das Khunteta said in a
telephone interview. Rural Electrification plans to raise $500
million from debt sales in the year ending March 31, he had said
on April 16.

(Added Aug. 3. See {RECL IN <Equity> CN <GO>}.)

UKRAINE may sell bonds in the international capital
markets, according to Dragon Capital, the former Soviet
republic’s biggest brokerage. The government may sell $1.5
billion to $2 billion of 10-year, dollar-denominated debt with a
yield of 7 percent to 7.5 percent after getting approval for a
new International Monetary Fund loan and having its credit
rating raised by Standard & Poor’s, said Olena Bilan, Dragon’s
chief economist, at a press briefing in Kiev on July 30.

(Added Aug. 2. See {TNI UKR ECO <GO>}.)

CZECH REPUBLIC plans to sell as much as $2 billion of
dollar bonds to diversify from koruna and euro debt, Eduard
Janota, former finance minister, said in an interview for Mlada
Fronta Dnes newspaper.

(Added July 19. See {NI CZECH BN <GO>}.)

POTASH CORPORATION OF SASKATCHEWAN INC., the world’s
largest fertilizer company by capacity, filed a registration
statement with the U.S. Securities and Exchange Commission for
$2 billion of debt securities.

(Added July 7. See {POT US <Equity> CN <GO>}.)

INDONESIA plans to name three banks to help it sell about
$650 million of Islamic bonds, Dahlan Siamat, director for
Islamic financing at the finance ministry, said in a telephone
interview in Jakarta. The government sold its first
international Islamic dollar bonds in April 2009.

(Added July 7. See {ECST ID <GO>}.)

SRI LANKA hired HSBC, Bank of America Merrill Lynch and
Royal Bank of Scotland to sell $1 billion of bonds, the Central
Bank of Sri Lanka said on its website on Aug. 12.

(Updated Aug. 16. See {ECO SL <GO>}.)

JORDAN plans to sell about $500 million of bonds, Finance
Minister Mohammad Abu Hammour said in an interview on June 23.
The sale will be denominated in U.S. dollars “as it’s a stable
currency and the Jordanian dinar is pegged to it,” Abu Hammour
said.

(Added June 24. See {TNI JORDAN ECO <GO>}.)

URUGUAY may sell as much as $1 billion of bonds in 2011,
including $500 million of dollar-denominated debt, Carlos
Steneri, director of public credit at Uruguay’s Ministry of
Economy and Finance, said June 3 at a Latin Finance conference
in London. The dollar-denominated bonds may have a maturity of
20 years or more, Steneri said.

(Added June 7. See {172369Z UY <Equity> CN <GO>}.)

MALAYSIA plans to raise about $1 billion from its first
sale of conventional dollar bonds in eight years after drawing
bids for five times the Islamic debt it offered, a finance
ministry official said. The government may hire banks including
CIMB Group Holdings Bhd. and HSBC Holdings Plc to arrange the
sale by Sept. 30, said the official, who declined to be named as
the discussions are private. Malaysia raised $1.25 billion from
a Shariah-compliant dollar bond on May 27. Malaysia is rated A3
by Moody’s and A- by S&P.

(Added June 2. See {TNI MALAY BON <GO>}.)

GHANA is considering selling its second dollar bond in 2011
to tap investor demand as the start-up of oil production boosts
economic growth and narrows the budget deficit, Deputy Finance
Minister Fifi Kwetey said. The government was considering a
“no-deal roadshow” to gauge international investors’ appetite,
Kwetey said in a May 26 interview in Abidjan. Ghana sold its
first global bond in 2007, raising $750 million to help fund the
construction of roads and power plants.

(Added May 27. See {1084Z GN <Equity> CN <GO>}.)

ANGOLA received credit ratings from Moody’s, S&P, and Fitch
Ratings that put it on par with Nigeria, Lebanon and Belarus,
and paved the way for a planned sale of international bonds. The
southern African nation’s creditworthiness was rated at B+ by
S&P and Fitch, four levels below investment grade. Moody’s
assigned an equivalent ranking of B1.

{Updated May 24. See {TNI ANGOLA NEWBON <GO>}.

MONGOLIA plans to raise $500 million selling bonds in 2010
and the remainder of a planned $1.2 billion program will be sold
according to market conditions, Batbayar Balgan, director
general of the financial and economic policy department of
Mongolia, said at a forum in Ulan Bator on June 16. The
government scaled back its plans for global bond sales after
Europe’s debt crisis drove up borrowing costs. Investment banks
are advising Mongolia to issue debt with maturities of 5 years
to 10 years, Finance Minister Sangajav Bayartsogt said in a Feb.
9 interview. The securities may yield 8 percent to 11 percent,
he said.